Ann: Appointment of receivers and managers, page-69

From GXY Earnings Call transcript: https://tinyurl.com/y2cbf7ca

Our next question is from Nick Herbert from Crédit Suisse. Please ask your question, Nick.

NickHerbert

Good morning, gents. Three questions for me, please. I might start on Alita and Bald Hill as well, thanks. Just interested in understanding what in that asset is of interest to you guys? Source exploration, normal blending and what you see in that opportunity that perhaps others haven't? And by extension, it's pretty sizable investment you've made now and that's sort of capital that's not available for developing Sal de Vida or James Bay. So I was just wondering if we take from that that Alita now ranks above those opportunities in a portfolio context. That's question one. Thanks.

SimonHay

Okay, Nick. Look, our original investment was around the resource. You quite right the exploration ground is seem to have some potential. Certainly the product quality is well recognized in the market as one of the best and the opportunities to blend do provide potential synergies. So that is of interest. Look, when you talk about our investment now in Alita, the AUD40 odd million that we've just recently bought, the debt with is much more around protecting our interest. We haven't yet made any decisions about what happens from here on.

So and the next steps for us to really understand that asset in great detail. So I think that is it's too early to say where it ranks in front of the other projects yet, just too early to answer.